The number of job cuts in the battered telecommunications industry this year is 42 percent greater than during the first two months of 2001, but things are likely to get worse before they get better, an employment firm said today. ... [B]ased on warnings by industry giants like Lucent and Nokia, the telecommunications employment picture will become even gloomier as the year progresses. "Overcapacity, a glut of competitors and a lack of capital spending by companies on new networking and telecommunications equipment are making it difficult for even the strongest companies to avoid the turmoil," firm CEO John A. Challenger said in a news release. Telecom Job Cuts Up, Worst Yet To Come | 
